By Sam Okwakol Addis Ababa — Ethiopian Airlines recently marked its 70th anniversary and announced that it will commence scheduled thriceweekly flights to New York-Newark from Addis Ababa on July 3 writes SAM OKWAKOL. Ethiopian will be deploying the modern Boeing 787 Dreamliner on this route, the world’s most environmentally friendly aircraft with its lower...
By Marjorie Cortez, Deseret News SALT LAKE CITY — The 82 kids born this spring to the East African Refugee Goat Project of Utah are an endless source of amusement as they climb and rocket off a wooden platform jokingly referred to as the “kid launcher.” Consequently, the mood was light Monday at the project’s...
By Abdelkarim Hassan The Washington based Institute of Policy Studies published research on the soaring pay of top CEOs. The average CEO of a Fortune 500 company is paid $ 10.8 million, which is 364 times more than the pay of the average staff, four decades ago it was 20-30 times more. Some critics argue...
By Peter Waldman Early last year, at a royal encampment in the oasis of Rawdat Khuraim, Prince Mohammed bin Salman of Saudi Arabia visited his uncle, King Abdullah, in the monarch’s final days before entering a hospital. Unbeknown to anyone outside the House of Saud, the two men, separated in age by 59 years, had...
Centurion Systems Ltd (CSL), a technology firm serving the industrial sector in east Africa, has joined the Business Call to Action (BCtA) with a commitment to increase the employability of 465 low-income Kenyan youth through industry-relevant skills training and apprenticeships by 2017. To accomplish its goals, the company will train 110 lecturers across various industries,...
By Shawn Donnan, Financial Times The “increasingly disappointing” world economy is facing the threat of a “synchronised slowdown” and mounting risks including another bout of financial market turmoil and a political backlash against globalisation, the International Monetary Fund has warned. In its semi-annual World Economic Outlook, the IMF on Tuesday reduced its global growth forecast...
By EDWIN OKOTH African leaders have criticised corruption measurement indices done by multinationals on perception of the vice in countries worldwide. The continent’s leadership is now asking for an ‘African’ way of measuring corruption that will represent the realities in Africa. At the just concluded African Development Week in Addis Ababa, the leaders say in...
By Anzisha Introduction Africa has the youngest population in the world, with an estimated 200 million people between the ages of 15 and 24, according to the African Economic Outlook report. But despite fast economic growth over the past decade, many youths still struggle to find productive employment. Unless these young people can be put...
By RICHARD MUNGAI Visa has partnered with Somalia’s Premier Bank as part of a wider strategic agreement to strengthen formal banking services in Somalia. The agreement signed between the two will enable Visa cardholders in Somalia to use Premier Bank’s ATM network. Jabu Basopo, Visa general manager for Southern and East Africa, said cardholders will...
By William Davison When Ethiopian farmer Mulugeta Mezemir ceded his land three years ago to property developers on the fringes of the expanding capital, Addis Ababa, he felt he had no choice. A gated community with white picket fences and mock Roman pillars built by Country Club Developers now occupies the fields he tilled in...